Estonia approves bill to regulate crypto service providers

BlockBeats news, on March 22, Cointelegragh reported that Estonia has approved a bill to regulate cryptocurrency service providers, which still needs to pass a parliamentary vote. Under the legislation, crypto service providers will be regulated by the Financial Supervisory Authority (FSA). Currently, these providers are registered by the Financial Intelligence Unit (FIU) and must comply with anti-money laundering (AML) rules. The FSA will begin issuing licenses in 2025, and FIU licensees must apply for an FSA license by the end of that year. The new bill will bring Estonia into compliance with EU Markets in Crypto-Assets (MiCA) regulations.